tl;dr
Bitcoin (BTC-USD) is surpassing a crucial technical level in Monday's midday trading, prompting a surge in cryptocurrency-related stocks. The token has seen a 1.7% increase, reaching $37.2K at 12:13 p.m. ET, following several attempts this month to break the $37K barrier. This upswing coincides with...
Bitcoin (BTC-USD) is surpassing a crucial technical level in Monday's midday trading, prompting a surge in cryptocurrency-related stocks. The token has seen a 1.7% increase, reaching $37.2K at 12:13 p.m. ET, following several attempts this month to break the $37K barrier. This upswing coincides with the election of Javier Milei in Argentina, a pro-bitcoin candidate who aims to dismantle the country's central bank.
The global crypto market value has also risen by 1.7% to $1.42T, with Ethereum (ETH-USD) increasing by 2.5% to $2.02K. Several crypto-linked stocks have experienced gains as well, including MicroStrategy ( 3.1%), Coinbase ( 4.4%), Bakkt ( 18.5%), Core Scientific ( 8.5%), Riot Platforms ( 4.4%), and Marathon Digital ( 2.6%). These movements indicate a significant positive shift in the cryptocurrency market and its related stocks.
More about MicroStrategy Incorporated
Key Financial Metrics: MicroStrategy Inc. reported a total revenue of $7,059,039,000. Its stock price is currently at $238.34 with a change of 2.04 points. The company has a market capitalization of $504,331,000 and experienced a decrease of 0.775 in its EPS.
Stock Performance: MicroStrategy Inc. stock has a current price of $238.34 with a 52-week high of $536 and a 52-week low of $43.49.
Market Sentiment: The market sentiment towards MicroStrategy Inc. seems to be slightly positive with a small increase in its EPS and its stock price holding at a relatively high level compared to the past year.
More about Coinbase Global Inc
Key Financial Metrics: Coinbase Global Inc. reported a total revenue of $23.7 billion and a net income of -$3.2 billion. Additionally, the company has an EPS of 11.3 and a market cap of $262.7 billion.
Stock Performance: The stock of Coinbase Global Inc. is currently trading at $88.29 per share, with a 52-week change of 3.27%.
Market Sentiment: Despite the negative net income, the market sentiment towards Coinbase Global Inc. seems positive, as indicated by the stock performance and the company's position in the crypto economy.
More about Bakkt Holdings Inc
Key Financial Metrics: Bakkt Holdings Inc. has generated $116,115,000 in revenue with a net income of $0. The company's stock performance has seen a decrease of 1.67% and currently stands at $6.77 per share. Market sentiment is slightly negative with a decrease of -0.254 points.
More about Riot Blockchain Inc
Riot Blockchain Inc is a cryptocurrency mining company headquartered in Castle Rock, Colorado. The company has a market capitalization of 2.33 billion and a price-to-earnings ratio of 16.18, indicating a favorable valuation. However, the stock has seen a decrease of 1.8% in its price recently, which may be a concern for investors. Market sentiment towards Riot Blockchain appears to be positive, as evidenced by its overall market capitalization and focus on cryptocurrency mining, a growing industry. Overall, while the recent stock performance may be a cause for concern, the company's financial metrics and market sentiment suggest potential for future growth.
More about Marathon Digital Holdings Inc
Key Financial Metrics: Marathon Digital Holdings Inc reported a total revenue of $2,226,250,000 and a net income of -$3.08 per share. The company's market capitalization is $259,157,000 and its price-to-earnings ratio is 11.13.
Stock Performance: Marathon Digital Holdings Inc's stock has shown a decrease of -1.337, indicating a decline in value. The stock is currently trading at $6.71.
Market Sentiment: The market sentiment for Marathon Digital Holdings Inc is currently pessimistic, with a negative net income and a decrease in stock performance.
Disclaimer:
This is not financial advice. Please do your own research before investing in any cryptocurrency.